SOCFIN Societe Financiere des Caoutchoucs (LUX:SOFIN) Days Payable : 36.01 (As of Dec. 2023)

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What is SOCFIN Societe Financiere des Caoutchoucs Days Payable?

SOCFIN Societe Financiere des Caoutchoucs's average Accounts Payable for the six months ended in Dec. 2023 was €34.3 Mil. SOCFIN Societe Financiere des Caoutchoucs's Cost of Goods Sold for the six months ended in Dec. 2023 was €174.1 Mil. Hence, SOCFIN Societe Financiere des Caoutchoucs's Days Payable for the six months ended in Dec. 2023 was 36.01.

The historical rank and industry rank for SOCFIN Societe Financiere des Caoutchoucs's Days Payable or its related term are showing as below:

LUX:SOFIN's Days Payable is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 45.99
* Ranked among companies with meaningful Days Payable only.

SOCFIN Societe Financiere des Caoutchoucs's Days Payable declined from Dec. 2022 (37.60) to Dec. 2023 (36.01). It may suggest that SOCFIN Societe Financiere des Caoutchoucs accelerated paying its suppliers.

SOCFIN Societe Financiere des Caoutchoucs Days Payable Historical Data

The historical data trend for SOCFIN Societe Financiere des Caoutchoucs's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SOCFIN Societe Financiere des Caoutchoucs Days Payable Chart

SOCFIN Societe Financiere des Caoutchoucs Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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74.52

74.93

58.71

45.04

40.13

SOCFIN Societe Financiere des Caoutchoucs Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															68.02	57.40	37.60	45.78	36.01

Competitive Comparison of SOCFIN Societe Financiere des Caoutchoucs's Days Payable

For the Farm Products subindustry, SOCFIN Societe Financiere des Caoutchoucs's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SOCFIN Societe Financiere des Caoutchoucs's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SOCFIN Societe Financiere des Caoutchoucs's Days Payable distribution charts can be found below:

* The bar in red indicates where SOCFIN Societe Financiere des Caoutchoucs's Days Payable falls into.

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SOCFIN Societe Financiere des Caoutchoucs Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

SOCFIN Societe Financiere des Caoutchoucs's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (39.802	+	31.998)	/	2 )	/	326.549	*	365
=	35.9					/	326.549	*	365
=	40.13

SOCFIN Societe Financiere des Caoutchoucs's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (36.695	+	31.998)	/	2 )	/	174.057	*	365 / 2
=	34.3465					/	174.057	*	365 / 2
=	36.01

SOCFIN Societe Financiere des Caoutchoucs Days Payable Related Terms

Thank you for viewing the detailed overview of SOCFIN Societe Financiere des Caoutchoucs's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

SOCFIN Societe Financiere des Caoutchoucs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SOCFIN Societe Financiere des Caoutchoucs (LUX:SOFIN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Avenue Guillaume, Luxembourg, LUX, 1650

Website

https://www.socfin.com

SOCFIN Societe Financiere des Caoutchoucs is a Luxemburg-based company involved in the development and management of oil palm and rubber plantations. Its products include Rubber, Plam Oil, and Seeds.

SOCFIN Societe Financiere des Caoutchoucs Headlines

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